Mahickra Chemicals Ltd

Mahickra Chem. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mahickra Chemicals Ltd

₹ 117 -2.82%
15 May - close price
Company website NSE - SME: MAHICKRA
About

Incorporated in 1997, Mahickra Chemicals Ltd manufacturers, trades & exports Dyes and Chemicals[1]

Key Points

Product Profile:[1]
a) Reactive Dyes
b) Direct Dyes
c) Acid Dyes
d) Synthetic Food Colors
e) Specialty Chemicals
f) Pigment Powder & Emulsion

Website NSE - SM
  • Market Cap ₹ 95.0 Cr.
  • Current Price ₹ 117
  • High / Low ₹ 159 / 78.2
  • Stock P/E 88.8
  • Book Value ₹ 41.0
  • Dividend Yield 0.56 %
  • ROCE 6.25 %
  • ROE 3.29 %
  • Face Value ₹ 10.0
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Pros

  • Promoter holding has increased by 1.11% over last quarter.

Cons

  • Stock is trading at 2.85 times its book value
  • The company has delivered a poor sales growth of -2.11% over past five years.
  • Company has a low return on equity of 8.48% over last 3 years.
  • Earnings include an other income of Rs.2.27 Cr.
  • Company has high debtors of 187 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Chemicals Industry: Dyes And Pigments

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
40.13 49.69 44.59 33.69 52.83 42.40 59.90 53.88 49.15 36.46 35.45
39.50 49.09 44.61 32.71 51.70 40.88 59.70 53.39 47.33 35.68 35.56
Operating Profit 0.63 0.60 -0.02 0.98 1.13 1.52 0.20 0.49 1.82 0.78 -0.11
OPM % 1.57% 1.21% -0.04% 2.91% 2.14% 3.58% 0.33% 0.91% 3.70% 2.14% -0.31%
1.07 2.42 1.93 0.90 2.08 1.26 2.67 2.46 1.25 0.77 1.50
Interest 0.34 0.32 0.37 0.33 0.24 0.35 0.40 0.48 0.42 0.58 0.58
Depreciation 0.05 0.04 0.06 0.05 0.06 0.11 0.14 0.24 0.31 0.28 0.00
Profit before tax 1.31 2.66 1.48 1.50 2.91 2.32 2.33 2.23 2.34 0.69 0.81
Tax % 30.53% 33.83% 16.22% 29.33% 28.87% 28.45% 27.90% 28.70% 27.35% 28.99% 27.16%
0.91 1.75 1.25 1.05 2.06 1.67 1.68 1.59 1.70 0.49 0.59
EPS in Rs 1.26 2.42 1.54 1.29 2.54 2.06 2.07 1.96 2.09 0.60 0.73
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
19.52 80.02 94.28 86.49 102.28 103.01 71.92
18.75 78.98 93.70 84.38 100.53 100.52 71.25
Operating Profit 0.77 1.04 0.58 2.11 1.75 2.49 0.67
OPM % 3.94% 1.30% 0.62% 2.44% 1.71% 2.42% 0.93%
0.46 2.47 4.35 2.98 3.93 3.57 2.27
Interest 0.24 0.53 0.69 0.57 0.78 0.95 1.16
Depreciation 0.05 0.07 0.10 0.12 0.25 0.55 0.28
Profit before tax 0.94 2.91 4.14 4.40 4.65 4.56 1.50
Tax % 21.28% 29.90% 27.54% 29.55% 27.74% 28.07% 28.67%
0.74 2.04 2.99 3.11 3.35 3.28 1.07
EPS in Rs 1.44 2.82 3.68 3.83 4.12 4.04 1.32
Dividend Payout % 0.00% 0.00% 8.15% 5.22% 15.76% 16.09% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -2%
3 Years: -6%
TTM: -30%
Compounded Profit Growth
10 Years: %
5 Years: -12%
3 Years: -30%
TTM: -68%
Stock Price CAGR
10 Years: %
5 Years: 20%
3 Years: 14%
1 Year: 32%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 8%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 5.13 7.23 8.12 8.12 8.12 8.12 8.12
Reserves 2.64 7.84 15.86 18.81 21.63 24.37 25.20
6.34 4.80 5.55 10.56 10.02 10.08 13.44
20.50 23.23 20.90 20.21 25.39 22.03 14.03
Total Liabilities 34.61 43.10 50.43 57.70 65.16 64.60 60.79
0.67 0.79 0.85 0.96 1.68 4.48 4.59
CWIP 0.00 0.00 2.15 2.56 2.93 0.43 0.70
Investments 0.00 0.00 0.00 0.00 0.00 0.05 0.05
33.94 42.31 47.43 54.18 60.55 59.64 55.45
Total Assets 34.61 43.10 50.43 57.70 65.16 64.60 60.79

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-11.15 -4.23 -3.47 -2.50 3.24 2.28
-0.72 -0.20 -2.50 -0.63 -1.44 -0.91
13.14 3.22 5.99 3.13 -1.82 -1.36
Net Cash Flow 1.27 -1.20 0.01 0.00 -0.02 0.00

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 312.83 107.69 106.04 142.94 135.96 130.25
Inventory Days 212.44 42.23 48.98 70.98 72.06 77.95
Days Payable 416.27 111.00 83.18 89.26 97.69 83.37
Cash Conversion Cycle 109.00 38.93 71.84 124.65 110.34 124.83
Working Capital Days 224.01 86.89 102.13 142.39 124.44 132.24
ROCE % 20.25% 19.55% 14.83% 14.06% 13.72%

Shareholding Pattern

Numbers in percentages

Sep 2018Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024
48.07% 48.07% 50.02% 45.07% 47.05% 49.82% 50.61% 51.33% 52.18% 53.05% 53.84% 54.95%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.59% 0.59% 0.59% 0.59%
0.17% 0.00% 0.00% 2.88% 2.88% 2.88% 2.88% 0.59% 0.00% 0.00% 0.00% 0.00%
51.76% 51.93% 49.97% 52.05% 50.08% 47.30% 46.51% 48.08% 47.23% 46.36% 45.57% 44.46%
No. of Shareholders 234251272329341309327305312291303309

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports